February 23, 2024 1:04 am
US$60 million investment planned by developer this year

The ECIPSA Group, led by businessman Jaime Garbarsky, is set to invest a massive US$59 million this year in the execution of works and the purchase of land across Argentina, Paraguay, and Panama. In 2023, the company acquired a stake in IRSA’s former Nobleza Piccardo property in Buenos Aires, which spans nearly 16 hectares. Here, ECIPSA will begin working on a significant mixed-use development project that will be completed this year.

The ECIPSA Group is a real estate holding company comprising development, construction, and real estate companies that have been operating in the country for over 45 years. With more than 101 ventures in 12 cities under its belt, the company boasts an impressive portfolio of brands like Natania and MilAires. At the international level, ECIPSA continues to expand its reach by signing an exclusivity agreement with Crystal Lagoons to operate in São Paulo under its WoOoW brand and opening offices in Israel where it will begin offering an exclusive license for Crystal Lagoons to operate in the Middle East.

In Paraguay, ECIPSA aims to consolidate its investments and projects while expanding into new Latin American countries with its Natania brand. In Argentina, the group has just completed its Natania 61 megaproject in Mendoza with over 190 apartments. The second stage concluded last year and the final delivery was recently made. Walter Fuks, CEO of Grupo ECIPSA assures that the company will continue investing in new projects across Argentina as well as other provinces and countries.

ECIPSA’s investment plans come as part of a larger push to expand into new markets while maintaining its presence in existing ones. Its success hinges on its ability to adapt to changing market conditions and remain competitive while continuing to provide quality products and services to customers around the world.

Overall, ECIPSA’s ambitious expansion plans are a testament to its strength as one of South America’s largest real estate holding companies. As it continues to grow and innovate, it remains committed to providing exceptional experiences for all stakeholders involved – from investors and developers to tenants and customers alike.

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